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Description

A monthly cash settled future based upon the average of the daily prices published by Argus International LPG for the location specified in Final Settlement Price below

Market Specifications

Trading Screen Product Name

Propane Argus Futures

Trading Screen Hub Name

ANI

Contract Symbol

PRS

Settlement Method

Cash settlement

Contract Size

1,000 Metric Tonnes

Unit of Trading

Any multiple of 1,000 Metric Tonnes

Currency

US Dollars and cents

Trading Price Quotation

One tenth of one cent ($0.001) per metric tonne

Settlement Price Quotation

One tenth of one cent ($0.001) per metric tonne

Minimum Price Fluctuation

One tenth of one cent ($0.001) per metric tonne

Contract Series

Up to 72 consecutive calendar months, or as otherwise determined by the Exchange

Last Trading Day

Last trading day of the contract month

Final Settlement Price Quotation

The average of NGL-PROPANE (ARGUS NINGBO INDEX)-ARGUS INTERNATIONAL prices

a) Ref Price A - Description

“NGL-PROPANE (ARGUS NINGBO INDEX)-ARGUS INTERNATIONAL LPG “ means that the price for a Pricing Date will be that day’s Specified Price per tonne of propane, stated in US Dollars, published under the heading “Middle East and Asia-Pacific averages” for Argus Ningbo Index: Propane” in the issue of Argus International LPG that reports prices effective on that Pricing Date.

b) Ref Price A - Pricing Date

Each day that prices are reported for the Delivery Date

c) Ref Price A - Specified Price

Price

d) Ref Price A - Pricing calendar

Argus International LPG

e) Ref Price A - Delivery Date

Contract month

MIC Code

IFED

Clearing Venues

ICEU

Trading Hours

Codes